@Vivek Komarla Bhaskar Thanks for reaching out. Are you using a Timmer trigger that triggers your logic app every one minute? Inside your workflow you have HTTP action that calls your HTTP endpoint. Another run should not be created until and unless some event is triggering your logic app. The HTTP limit is documented here for different environments and yes you can disable the retry by navigating to the setting of your HTTP action and select None on the retry policy.
You cannot increase the timeout duration for the consumption logic app. In case if you are using standard logic app then you can update this configuration (Runtime.Backend.HttpOperation.RequestTimeout).
Feel free to get back to me if you have any queries or concerns.
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